Navigation:  Teller System > Transactions > Loan Transactions > Loan Transaction Codes > Tran Code 0022-03, Repossession

This tran code functions identically to tran code 2203 (Repossession transaction).

 

Note: An institution option (OP21 ACOS) is available that, when set, allows this transaction to be run on an investor sold loan (Portion Sold field (LNISLD) is greater than zero).

 

Correction: See Reverse Repossess transaction.

 

See also: Appendix A, Foreclosure / Repossession / Partial or Full Charge-off